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Stocks are no longer mirrors of national economies; they are not — as is so commonly said — magical forecasting mechanisms.
With Stocks, It's Not the Economy
Seeded on Wed Jul 28, 2010 9:41 AM EDT
Article Source: TIME- Enjoy this article? Help vote it up the 'Vine.
- Public Discussion (4)
Over the past two years, as unemployment in the U.S. has soared and GDP has stumbled, companies have been minting money. Tons of it.
Read more: http://www.time.com/time/magazine/article/0,9171,2005849,00.html#ixzz0v1id6XYO
- 1 vote
#1 - Wed Jul 28, 2010 8:29 PM EDTIt's hard not to agree. The stock market is just generally a way for the CEOs to generate wealth for themselves and the 1% of the population owning 83% of the stocks. Consumers don't matter, workers don't matter, and national borders no longer matter.
- 3 votes
#2 - Wed Jul 28, 2010 8:32 PM EDTDon't forget a Government that is slow to act, Throw away money like it nothing, or maybe it is. Then barrows money to put everything back on track.
In the mean time we have a inflation rate that we don't what to talk about.
Related seed: http://crzyd269.newsvine.com/_news/2010/07/28/4774007-the-middle-class-in-america-is-radically-shrinking
See my comment for the 'solution'.
- 1 vote
#3 - Wed Jul 28, 2010 8:35 PM EDTYou're in Easy Mode. If you prefer, you can use XHTML Mode instead. |
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